This paper studies a number of features of transaction networks, firm sales growth, and buyer-supplier comovements of sales using a large-scale dataset on the Japanese interfirm transaction network. Larger firms have higher sales growth rates and smaller growth dispersion. Well-connected firms...

Recent empirical researches documented that there exists nonlinear pricing phenomenon in the shipping industry. This paper strives to show how this empirical regularity would alter conventional results in trade literature. This paper shows that when nonlinear pricing in shipping industry is...

This paper offers a unified framework to analyze both short- and long-run trade dynamics with heterogeneous firms in a consistent manner. The model embeds the classical theory of export hysteresis into a continuous-time trade model with heterogeneous firms, and considers the effects of both...